The chemicals industry in India is the leading supplier to the Western pharmaceutical industry. Too often it turns out that subcontractors are flouting on both the environment and business ethics - with grim consequences.
Hyderabad in India is one of the world's most polluted areas and a genuine dumping ground for many of the western pharmaceutical industry suppliers, Sasja Beslik travelled to the area to shoot a movie, to promote greater dialogue on environmental improvements in the area.
Subsequently, the film is presented for the pharmaceutical companies Nordea Asset Management invests in in order to demonstrate how the company's Indian subcontractor affects the local community.
- In this way we can get the company to urge their suppliers to improve the handling of hazardous waste. If they're do not listen to us, we can take up the issues at the company’s general meeting, and last resort, we can sell our holdings in the company, explains Sasja Beslik.
See the whole harrowing mini documentary at the top of the article.
Other Responsible investment news
Unless we learn from the mistakes of the past and start focusing on more than short-term gains, our financial myopia could lead to losses, bankruptcies and m...
Our work Responsible investment
It is our pleasure to present the Nordea Asset Management Annual Responsible Investment Report for 2016.
Nordea Asset Management has just been acknowledged for the on-going work with ESG and responsible investments.
Samhällsansvar Responsible investment Responsible business
Nordeas team för ansvarsfulla investeringar rekommenderar en försäljning av befintliga innehav i de tre bolagen bakom Dakota Access Pipeline.
After years of consistent and dedicated work with ESG and responsible investments, Nordea Asset Management is considered a pioneer within this area.